Casualty/GL

AIG has recruited former Chubb reinsurance buyer Mark James in a senior ceded risk role, sister publication The Insurance Insider reported

A $6mn investment in the Bellemeade Re mortgage insurance securitisation was the only ILS instrument held by the Blackstone Alternative Investment Funds as at 31 March 2016, according to annual report filings

Swiss Re has announced that its current CEO of reinsurance for Asia, Moses Ojeisekhoba, will become reinsurance CEO later this year

American International Group (AIG) has followed through on plans to make greater use of reinsurance after agreeing a two-year quota share deal with Swiss Re covering its US casualty book.

Swiss Re reported 2015 results that were boosted by low catastrophes and a $183mn one-off tax gain in the fourth quarter.

AIG picked out expanded use of reinsurance as one of six ways that will help it return at least $25bn to shareholders over the next two years.

The non-life reinsurance market will likely fall into an underwriting loss in 2016 if natural catastrophe losses return to historical averages, with the deficit deepening in 2017, according to predictions by Swiss Re chief economist Kurt Karl.

TigerRisk has been marketing a derivative product that triggers off a Lloyd's index, which could offer ILS funds exposure to a range of specialty business written within the London market, Trading Risk understands.

Aspen Re has recruited Deutsche Bank executive James Lee to work in its $185mn capital markets unit, Trading Risk can reveal

Liquidity has improved in the ILS market across all tradeable instruments, according to Tullett Prebon's head of cat bond trading Steve Emmerson

Aspen is believed to have chosen an asset management partner for a hedge fund reinsurer vehicle, sister publication The Insurance Insider has reported

Swiss Re said it wrote 7 percent more P&C reinsurance premiums in the April renewals than in 2014, expanding in high growth markets to add $1.5bn of premium to its books.